Tree Island Steel (TSL) Set to Announce Earnings on Wednesday

Tree Island Steel (TSE:TSL) is set to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.

Tree Island Steel (TSE:TSL) last released its quarterly earnings results on Thursday, May 2nd. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$52.94 million for the quarter.

Shares of TSL stock traded up C$0.01 during mid-day trading on Tuesday, reaching C$2.20. 36,000 shares of the company were exchanged, compared to its average volume of 13,862. Tree Island Steel has a fifty-two week low of C$1.88 and a fifty-two week high of C$2.99. The company has a quick ratio of 0.43, a current ratio of 1.40 and a debt-to-equity ratio of 189.18. The company has a market capitalization of $63.18 million and a P/E ratio of 168.46. The company has a 50 day moving average price of C$2.15.

In related news, Senior Officer Dale Robert Maclean purchased 38,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average price of C$2.49 per share, with a total value of C$94,722.60. Following the completion of the transaction, the insider now owns 416,050 shares of the company’s stock, valued at C$1,037,087.84. Insiders have bought 49,000 shares of company stock valued at $119,023 in the last three months.

Separately, Raymond James set a $60.00 price target on shares of Banner and gave the stock a “buy” rating in a research report on Friday, May 3rd.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as straight and cut bars; and wirelines for use in the oil industry.

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Earnings History for Tree Island Steel (TSE:TSL)

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